Briefs week of March 16, 2009
CERA: The direction oil prices take will depend more on a meeting of world leaders Continue Reading
Quote of the Week
“Oil is not only the world’s most important commodity, it’s a barometer of the global Continue Reading
Production and Prices
Prices started the week around $45 a barrel; dropped to $40 on grim economic news Continue Reading
Venezuela
In the wake of the February 15th referendum that will allow him to remain in Continue Reading
China in recession
With circa $2 trillion in foreign reserves to spend, developments in China command instant world Continue Reading
Briefs week of March 9, 2009
Gas produced for sale in the US surged 7.2 percent in 2008 from the previous Continue Reading
Quote of the week
“The IEA’s comments are confusing and misleading. Whilst asking for prices to remain at $40 Continue Reading
Production and Prices
By recent standards, oil prices had a pretty good week. After dropping a couple of Continue Reading
Obama’s budget
A combination of President Obama’s first budget, the recently passed stimulus bill and the impending Continue Reading
Briefs week of March 2, 2009
The IEA says global oil demand will drop by 980,000 b/d this year but will Continue Reading
Quote of the Week
The [economic] numbers coming out of Japan, Germany, Eastern Europe, U.K., and U.S.A. are all Continue Reading
Week of February 23, 2009
1. Last Week 2. CERA — a Peak Oiler in the making? 3. Quote of Continue Reading
Production and Prices
In a shortened trading week, high volatility continued due to the now familiar conflict between Continue Reading
The March OPEC meeting
With three weeks to go before the March 15th OPEC meeting, speculation is rife about Continue Reading
Nigeria
There were more indications last week that the security, economic, and political situation in Nigeria Continue Reading
China goes shopping
With circa $1.5 trillion in foreign reserves, Beijing is taking advantage of low oil prices Continue Reading
Briefs week of February 23, 2009
Mexico’s state-owned oil company PEMEX said crude output fell 9.2 percent in January as its Continue Reading
Quote of the Week
“If the question is, what is Pemex going to do in the short-term to prevent Continue Reading
The Eventual Rebound
The Eventual ReboundThere is growing recognition that cheap ($40 a barrel), plentiful oil is not going Continue Reading
Venezuela
The situation in Venezuela apparently took a turn for the worse last week and may Continue Reading
Briefs Week of February 9, 2009
As development of the Canadian oil sands “stagnates,” capital investment over Continue Reading
Quotes of the Week
“If we don’t do anything, we are going to be importing 75 percent of our Continue Reading
Production and Prices
Oil prices climbed as high as $48 on Monday, collapsed to the low $40s on Continue Reading
Obama’s stimulus
The American Recovery and Reinvestment Plan currently making its way through the Congress contains, among Continue Reading
Venezuela
Of all the oil exporting countries, Venezuela appears to be suffering the worst consequences from Continue Reading